How Scammers Try to Steal Your Tax Refund

Tax season starts Monday, the first day the IRS is accepting electronic tax returns for 2016 — and opening day for the latest round of tax refund scams. That’s when crooks file fraudulent returns to collect tax refunds under the identities of legitimate taxpayers — living or dead. All they need is your name, Social Security number, birth date and a computer. No W-2s or other tax documents are required to e-file; information such as claimed income, taxes paid and …

New Twists on 3 Old Tricks

Once again, scammers have developed new twists on some of the most popular frauds of years past. Although the original versions continue – especially preying on those over age 50 – here’s what you should know about some revised rip-offs currently making the rounds. The hostage scam: An offshoot of the notorious Grandparents Scam, it also feigns that a beloved relative is in trouble … and needs quick cash to remedy the situation. But instead of phone calls from scammers posing as grandkids …